)RUP 1R = = 0DVWHUX ZLWK FP 0RZHU 0RGHO 1R ³ DQG 8S 2SHUDWRU·V 0DQXDO (QJOLVK *%
:DUQLQJ $FWLYDWH WKH %DWWHU\ ,QVWDOO %DWWHU\ +\GUDXOLF 6\VWHP *UHDVLQJ WKH %HDULQJV &KHFN WKH /HYHOLQJ RI 0RZHU 'HFN &KHFN 6LGH 'LVFKDUJH &KXWH &KHFN (QJLQH 2LO /HYHO 2SHUDWLRQ
5HSODFLQJ WKH 3XPS 'ULYH %HOW 5HSODFLQJ WKH *UDVV 'HIOHFWRU $GMXVWLQJ 0RWLRQ &RQWUROV $GMXVWLQJ 3DUNLQJ %UDNH )XVH 6HUYLFH %DWWHU\ 6HUYLFH :DVWH 'LVSRVDO :LULQJ 'LDJUDP
%HIRUH XVLQJ DOZD\V YLVXDOO\ LQVSHFW WR VHH WKDW WKH EODGHV EODGH EROWV DQG FXWWHU DVVHPEO\ DUH QRW ZRUQ RU GDPDJHG 5HSODFH ZRUQ RU GDPDJHG EODGHV DQG EROWV LQ VHWV WR SUHVHUYH EDODQFH 1HYHU PRZ ZKLOH SHRSOH HVSHFLDOO\ FKLOGUHQ RU SHWV DUH QHDUE\ .
5HSODFH ZRUQ RU GDPDJHG SDUWV IRU VDIHW\ 1HYHU RSHUDWH WKH PDFKLQH ZLWK GHIHFWLYH JXDUGV RU ZLWKRXW VDIHW\ SURWHFWLYH GHYLFHV LQ SODFH ,I WKH IXHO WDQN KDV WR EH GUDLQHG WKLV VKRXOG EH GRQH RXWGRRUV 'R QRW FKDQJH WKH HQJLQH JRYHUQRU VHWWLQJV RU RYHUVSHHG WKH HQJLQH 2SHUDWLQJ WKH HQJLQH DW H[FHVVLYH VSHHG FDQ LQFUHDVH WKH KD]DUG RI SHUVRQDO LQMXU\ 2Q PXOWL EODGHG PDFKLQHV WDNH FDUH DV URWDWLQJ RQH EODGH FDQ FDXVH RWKHU EODGHV WR URWDWH :KHQ PDFKLQH LV WR EH SDUNHG VWRUHG RU OHIW XQDW
6ORSH &KDUW
6DIHW\ DQG ,QVWUXFWLRQ 'HFDOV 6DIHW\ GHFDOV DQG LQVWUXFWLRQV DUH HDVLO\ YLVLEOH WR WKH RSHUDWRU DQG DUH ORFDWHG QHDU DQ\ DUHD RI SRWHQWLDO GDQJHU 5HSODFH DQ\ GHFDO WKDW LV GDPDJHG RU ORVW 3DUW 1R 3DUW 1R 5HDG WKH RSHUDWRU·V PDQXDO IRU SURSHU SURFHGXUH $QWL VFDOS UROOHU KHLJKW DGMXVWPHQW 5HDG WKH RSHUDWRU·V PDQXDO EHIRUH SHUIRUPLQJ PDLQWHQDQFH 5LJKW VLGH IXHO WDQN RSHQ )XHO WDQN VKXW RII /HIW VLGH IXHO WDQN RSHQ 5HDG WKH RSHUDWRU·V PDQXDO IRU SURSHU S
3DUW 1R 3DUW 1R +HLJKW RI FXW DGMXVWPHQW +HLJKW RI FXW DGMXVWPHQW 3DUW 1R 3DUNLQJ EUDNH 7UDQVPLVVLRQ 'LVHQJDJH (QJLQH VWRS (QJDJH (QJLQH UXQ 'DQJHU³UHDG WKH RSHUDWRU·V (QJLQH VWDUW PDQXDO EHIRUH SHUIRUPLQJ &KRNH PDLQWHQDQFH ZRUN (QJDJH WKH SDUNLQJ EUDNH DQG UHPRYH WKH LJQLWLRQ NH\ EHIRUH OHDYLQJ WKH PDFKLQH 'DQJHU³UHDG WKH RSHUDWRU·V PDQXDO 'ULYH XS RU GRZQ VORSHV JUHDWHU WKDQ GHJUHHV KD]DUG³GR QRW FDUU\ SDVV
3DUW 1R +RW VXUIDFH KD]DUG³VWD\ DZD\ 3DUW 1R 7KURZQ REMHFW &XWWLQJ GLVPHPEHUPHQW KD]DUG³NHHS E\VWDQGHUV KD]DUG RI KDQGV RU DZD\ IHHW³VWD\ DZD\ IURP 7KURZQ REMHFW URWDWLQJ EODGHV DQG PRYLQJ SDUWV KD]DUG³NHHS WKH GHIOHFWRU LQ SODFH 3DUW 1R +\GUDXOLF RLO OHYHO +RW VXUIDFH KD]DUG³VWD\ DZD\ 3DUW 1R 'DQJHU³HQJDJH WKH SDUNLQJ EUDNH DQG EORFN WKH ZKHHOV ZKHQ SDUNLQJ RQ D VORSH 3DUW 1R 7KURZQ REMHFW &XWWLQJ GL
3DUW 1R 7KURZQ REMHFW &XWWLQJ GLVPHPEHUPHQW KD]DUG³NHHS WKH KD]DUG RI KDQGV RU GHIOHFWRU LQ SODFH IHHW³VWD\ DZD\ IURP URWDWLQJ EODGHV DQG PRYLQJ SDUWV
*DVROLQH DQG 2LO :DUQLQJ *DVROLQH LV KDUPIXO RU IDWDO LI VZDOORZHG /RQJ WHUP H[SRVXUH WR YDSRUV FDQ FDXVH VHULRXV LQMXU\ DQG LOOQHVV 5HFRPPHQGHG *DVROLQH 8VH 81/($'(' 5HJXODU *DVROLQH VXLWDEOH IRU DXWRPRWLYH XVH SXPS RFWDQH PLQLPXP /HDGHG UHJXODU JDVROLQH PD\ EH XVHG LI XQOHDGHG UHJXODU LV QRW DYDLODEOH $YRLG SURORQJHG EUHDWKLQJ RI YDSRUV .HHS IDFH DZD\ IURP QR]]OH DQG JDV WDQN RU FRQGLWLRQHU RSHQLQJ .
$VVHPEO\ /RRVH 3DUWV 1RWH 8VH WKH FKDUW EHORZ WR YHULI\ DOO SDUWV KDYH EHHQ VKLSSHG 'HVFULSWLRQ 4W\ 5HDU :KHHOV 5HWDLQLQJ URG %ROW [ LQ /RFNQXW LQ &RQWURO OHYHU³ULJKW &RQWURO OHYHU³OHIW %ROW [ LQ 6SULQJ ZDVKHU LQ .
,QVWDOO 6HDW 5HWDLQLQJ 5RG 7LOW VHDW XS 5HPRYH ORFNQXW LQ IURP EROW DWWDFKLQJ VHDW UHWDLQLQJ URG WR VHDW IUDPH )LJ 5HPRYH UHWDLQLQJ URG IURP VHDW DQG LQVHUW WKH ´/µ VKDSHG HQG RI WKH URG LQWR WKH KROH GLUHFWO\ DERYH WKH OHIW VLGH K\GUDXOLF SXPS )LJ 3ODFH WKH VHDW UHWDLQLQJ URG WR WKH RXWVLGH RI WKH PRXQWLQJ WDE RI WKH VHDW IUDPH DQG VHFXUH ZLWK EROW [ LQ DQG ORFNQXW LQ )LJ 7LJKWHQ XQWLO VQXJ WKHQ ORRVHQ VR WKH URG SLYRWV IUHHO\ P
'DQJHU %DWWHU\ HOHFWURO\WH FRQWDLQV VXOIXULF DFLG ZKLFK LV D GHDGO\ SRLVRQ DQG FDXVHV VHYHUH EXUQV 'R QRW GULQN HOHFWURO\WH DQG DYRLG FRQWDFW ZLWK VNLQ H\HV RU FORWKLQJ :HDU VDIHW\ JODVVHV WR VKLHOG \RXU H\HV DQG UREEHU JORYHV WR SURWHFW \RXU KDQGV )LOO WKH EDWWHU\ ZKHUH FOHDQ ZDWHU LV DOZD\V DYDLODEOH IRU IOXVKLQJ WKH VNLQ )ROORZ DOO LQVWUXFWLRQV DQG FRPSO\ ZLWK DOO VDIHW\ PHVVDJHV RQ WKH HOHFWURO\WH FRQWDLQHU 3ODFH EDWWHU\ RQ D OHYHO VXUIDFH 5HPRYH ILOOHU FDSV IURP WKH EDW
,I WKHUH LV QR IOXLG DGG IOXLG WR UHVHUYRLU DSSUR[LPDWHO\ D LQ PP EHORZ WKH WRS RI EDIIOH 6HFXUH FDEOHV ZLWK EROWV [ LQ ZDVKHUV LQ DQG ORFNQXWV LQ )LJ 6OLGH WKH UHG WHUPLQDO ERRW RQWR WKH SRVLWLYH UHG EDWWHU\ SRVW 5XQ WKH PDFKLQH PLQXWHV WR DOORZ DQ\ DLU WR SXUJH RXW RI WKH V\VWHP DQG ZDUP IOXLG 6HFXUH EDWWHU\ ZLWK - EROWV KROG GRZQ FODPS DQG ZDVKHUV LQ DQG ZLQJ QXWV LQ )LJ 5HFKHFN OHYHO ZKLOH IOXLG LV ZDUP
2SHUDWLRQ *UHDVLQJ WKH %HDULQJV 0DNH VXUH FXWWLQJ XQLW VSLQGOHV DUH IXOO RI JUHDVH EHIRUH HQJLQH LV ILUVW VWDUWHG 7KLQN 6DIHW\ )LUVW *UHDVH ZLWK 1R JHQHUDO SXUSRVH OLWKLXP EDVH RU PRO\EGHQXP EDVH JUHDVH 3OHDVH FDUHIXOO\ UHDG DOO RI WKH VDIHW\ LQVWUXFWLRQV DQG GHFDOV .
&RQWUROV 5HOHDVLQJ WKH 3DUNLQJ %UDNH %HFRPH IDPLOLDU ZLWK DOO WKH FRQWUROV )LJ EHIRUH \RX VWDUW WKH HQJLQH DQG RSHUDWH WKH PDFKLQH 3XVK IRUZDUG DQG GRZQ RQ WKH SDUNLQJ EUDNH OHYHU WR UHOHDVH WKH SDUNLQJ EUDNH )LJ 7KH SDUNLQJ EUDNH LV ´',6(1*$*('µ P )LJXUH 3DUNLQJ EUDNH³21 3DUNLQJ EUDNH³2)) ,QVWDOOLQJ RU 5HPRYLQJ %DIIOHV 7KH IROORZLQJ LQVWUXFWLRQV DUH IRU UHPRYLQJ DQG LQVWDOOLQJ EDIIOHV 7KH EDIIOHV DUH XVHG IRU PXOFKLQJ RQO
,QVWDOOLQJ RU 5HPRYLQJ %ODGHV 5HPRYH EODGHV DQG DQWL VFDOS FXSV IURP VSLQGOHV 6DYH IRU XVH ZKHQ VLGH GLVFKDUJLQJ ,QVWDOO QHZ UHF\FOHU EODGHV ZLWKRXW DQWL VFDOS FXSV ,PSRUWDQW 7KH VDLO SDUW RI WKH EODGHV L H WKH WXUQHG XS VHFWLRQ PXVW IDFH WKH LQVLGH RI WKH PRZHU 7LJKWHQ WKH EODGH PRXQWLQJ EROWV WR IW OE 1P ,QVWDOO RU 5HPRYH WKH %DIIOHV ,PSRUWDQW 7KH EDIIOHV DUH XVHG RQO\ IRU PXOFKLQJ 7KH EDIIOHV PXVW EH UHPRYHG ZKHQ LQ VLGH GLVFKDUJH PRGH 3OD
,QVWDOOLQJ DQG 5HPRYLQJ .
:DUQLQJ :DUQLQJ &RQWDFW ZLWK VKDUS EODGH FDQ FDXVH VHULRXV LQMXU\ $ EODGH WKDW LV EHQW RU GDPDJHG FRXOG EUHDN DSDUW DQG FRXOG VHULRXVO\ LQMXUH RU NLOO \RX RU E\VWDQGHUV :HDU JORYHV RU ZUDS VKDUS HGJHV RI WKH EODGH ZLWK D UDJ $OZD\V UHSODFH D EHQW RU GDPDJHG EODGH ZLWK D QHZ EODGH 1HYHU ILOH RU FUHDWH VKDUS QRWFKHV LQ WKH HGJHV RU VXUIDFHV RI WKH EODGH 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ 5HPRYH
,PSRUWDQW 0DNH VXUH IXHO VKXW RII YDOYH LV FORVHG EHIRUH WUDQVSRUWLQJ RU VWRULQJ PDFKLQH DV IXHO OHDNDJH PD\ RFFXU 2SHUDWLQJ WKH 3RZHU 7DNH 2II 372 P 7KH SRZHU WDNH RII 372 VZLWFK HQJDJHV DQG GLVHQJDJHV SRZHU WR WKH HOHFWULF FOXWFK P )LJXUH (QJDJLQJ WKH 372 )LJXUH 372³2Q &KRNH³2Q 372³2II &KRNH³2II :KLOH VHDWHG LQ WKH VHDW UHOHDVH SUHVVXUH RQ WKH WUDFWLRQ FRQWURO OHYHUV DQG SODFH LQ QHXWUDO 3ODFH WKURWWOH WR WKH IDVW SRVLWLRQ 3XOO RXW
8QGHUVWDQGLQJ WKH 6DIHW\ ,QWHUORFN 6\VWHP &DXWLRQ 7KH VDIHW\ LQWHUORFN V\VWHP LV GHVLJQHG WR SUHYHQW WKH HQJLQH IURP VWDUWLQJ XQOHVV 0DFKLQH FDQ VSLQ YHU\ UDSLGO\ 2SHUDWRU PD\ ORVH FRQWURO RI PDFKLQH DQG FDXVH SHUVRQDO LQMXU\ RU GDPDJH WR PDFKLQH
7R XVH WKH ULJKW VLGH IXHO WDQN URWDWH WKH IXHO VKXW RII YDOYH WXUQ WR WKH ULJKW IURP WKH RII ORFDWLRQ 7KLV XVHV IXHO IURP WKH ULJKW VLGH WDQN RQO\ :KHQ WKH ULJKW IXHO WDQN LV HPSW\ PRYH WKH IXHO VKXW RII YDOYH WXUQ WR WKH OHIW IURP WKH RII SRVLWLRQ 7R JR VWUDLJKW DSSO\ HTXDO SUHVVXUH WR ERWK PRWLRQ FRQWURO OHYHUV )LJ 7R WXUQ UHOHDVH SUHVVXUH RQ WKH PRWLRQ FRQWURO OHYHU WRZDUG WKH GLUHFWLRQ \RX ZDQW WR WXUQ )LJ 7R VWRS SXVK WKH PRWLRQ FRQWURO OHYHUV WR QHXWUDO &ORVH IXHO VKXW
$GMXVWLQJ $QWL 6FDOS 5ROOHUV 5HLQVWDOO WKH EROW FHQWHU UROOHUV DQG QXW )LJ :KHQHYHU \RX FKDQJH WKH KHLJKW RI FXW LW LV UHFRPPHQGHG WR DGMXVW WKH KHLJKW RI WKH DQWL VFDOS UROOHUV 'LVHQJDJH WKH SRZHU WDNH RII 372 DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 0RYH FRQWUROOHUV WR QHXWUDO ORFNHG SRVLWLRQ DQG DSSO\ SDUNLQJ EUDNH 5HPRYH WKH NH\ $IWHU DGMXVWLQJ KHLJKW RI FXW UHPRYH QXW DQG ZDVKHU ZKLOH KROGLQJ VWXG ZLWK ZUHQFK )LJ 1RWH 'R QRW UHPRYH WKH ZKHHO QXW DQG ZDV
3XVKLQJ WKH 0DFKLQH E\ +DQG 'DQJHU ,PSRUWDQW $OZD\V SXVK WKH PDFKLQH E\ KDQG 1HYHU WRZ WKH PDFKLQH EHFDXVH K\GUDXOLF GDPDJH PD\ RFFXU :LWKRXW WKH JUDVV GHIOHFWRU GLVFKDUJH FRYHU RU FRPSOHWH JUDVV FDWFKHU DVVHPEO\ PRXQWHG LQ SODFH \RX DQG RWKHUV DUH H[SRVHG WR EODGH FRQWDFW DQG WKURZQ GHEULV &RQWDFW ZLWK URWDWLQJ PRZHU EODGH V DQG WKURZQ GHEULV ZLOO FDXVH LQMXU\ RU GHDWK 7R 3XVK WKH 0DFKLQH 'LVHQJDJH WKH SRZHU WDNH RII 372 DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 1HYHU UHPRY
/RDGLQJ 0DFKLQHV 7LSV IRU 0RZLQJ *UDVV 8VH H[WUHPH FDXWLRQ ZKHQ ORDGLQJ XQLWV RQ WUDLOHUV RU WUXFNV 2QH IXOO ZLGWK UDPS WKDW LV ZLGH HQRXJK WR H[WHQG EH\RQG WKH UHDU WLUHV LV UHFRPPHQGHG LQVWHDG RI LQGLYLGXDO UDPSV IRU HDFK VLGH RI WKH XQLW 7KH ORZHU UHDU VHFWLRQ RI WKH WUDFWRU IUDPH H[WHQGV EDFN EHWZHHQ WKH UHDU ZKHHOV DQG VHUYHV DV D VWRS IRU WLSSLQJ EDFNZDUG +DYLQJ D IXOO ZLGWK UDPS SURYLGHV D VXUIDFH IRU WKH IUDPH PHPEHUV WR FRQWDFW LI WKH XQLW VWDUWV WR WLS EDFNZDUG ,I LW LV QRW SRVVLEOH WR XVH R
/RQJ *UDVV ,I WKH JUDVV LV HYHU DOORZHG WR JURZ VOLJKWO\ ORQJHU WKDQ QRUPDO RU LI LW FRQWDLQV D KLJK GHJUHH RI PRLVWXUH UDLVH WKH FXWWLQJ KHLJKW KLJKHU WKDQ XVXDO DQG FXW WKH JUDVV DW WKLV VHWWLQJ 7KHQ FXW WKH JUDVV DJDLQ XVLQJ WKH ORZHU QRUPDO VHWWLQJ :KHQ 6WRSSLQJ ,I WKH PDFKLQH·V IRUZDUG PRWLRQ PXVW EH VWRSSHG ZKLOH PRZLQJ D FOXPS RI JUDVV FOLSSLQJV PD\ GURS RQWR \RXU ODZQ 7R DYRLG WKLV PRYH RQWR D SUHYLRXVO\ FXW DUHD ZLWK WKH EODGHV ´(1*$*(' µ .
0DLQWHQDQFH 5HFRPPHQGHG 0DLQWHQDQFH 6FKHGXOH 0DLQWHQDQFH 6HUYLFH ,QWHUYDO 0DLQWHQDQFH 3URFHGXUH &KHFN K\GUDXOLF IOXLG OHYHO &KDQJH HQJLQH RLO &KDQJH K\GUDXOLF ILOWHU $IWHU )LUVW 8VH (DFK 8VH &KHFN RLO OHYHO &KHFN VDIHW\ V\VWHP &OHDQ FRROLQJ V\VWHPV &OHDQ PRZHU KRXVLQJ (YHU\ +RXUV &KHFN FXWWLQJ EODGHV *UHDVH EODGH VSLQGOH EHDULQJV (YHU\ +RXUV &KHFN K\GUDXOLF IOXLG OHYHO *UHDVH FKDVVLV 2LO OLQNDJH EXVKLQJV 6HUYLFH IRDP DLU FOHDQHU &KHFN EHOWV IRU ZHDU FUDFN
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
)URQW :DUQLQJ &RQWDFW ZLWK VKDUS EODGH FDQ FDXVH VHULRXV LQMXU\ :HDU JORYHV RU ZUDS VKDUS HGJHV RI WKH EODGH ZLWK D UDJ +ROG WKH EODGH HQG XVLQJ D UDJ RU WKLFNO\ SDGGHG JORYH 5HPRYH WKH EODGH EROW IODW ZDVKHU VSOLW ORFN ZDVKHU DQG EODGH IURP WKH VSLQGOH VKDIW )LJ P )LJXUH 0($685( )520 &877,1* ('*( 72 $ /(9(/ 685)$&( P P )LJXUH )LJXUH 5RWDWH WKH RSSRVLWH HQGV RI WKH EODGHV IRUZDUG 0HDVXUH IURP D OHYHO VXUIDFH WR WKH FXWWLQJ HGJH RI WKH EODGH
EODGH LV QRW EDODQFHG ILOH VRPH PHWDO RII WKH HQG RI WKH VDLO DUHD RQO\ )LJ 5HSHDW WKLV SURFHGXUH XQWLO WKH EODGH LV EDODQFHG P )LJXUH %ODGH %DODQFHU P ,QVWDOOLQJ WKH %ODGHV )LJXUH ,QVWDOO WKH EODGH RQWR WKH VSLQGOH VKDIW )LJ ,PSRUWDQW 7KH FXUYHG SDUW RI WKH EODGH PXVW EH SRLQWLQJ XSZDUG WRZDUG WKH LQVLGH RI WKH PRZHU WR HQVXUH SURSHU FXWWLQJ &RYHU :LQJ QXW )RDP HOHPHQW $LU FOHDQHU EDVH 3DSHU HOHPHQW
&OHDQ GHEULV DQG JUDVV IURP SDUWV 3DSHU (OHPHQW 5HLQVWDOO DLU LQWDNH VFUHHQ F\OLQGHU FRYHUV DQG IDQ KRXVLQJ $ /LJKWO\ WDS WKH HOHPHQW RQ D IODW VXUIDFH WR UHPRYH GXVW DQG GLUW )LJ % ,QVSHFW WKH HOHPHQW IRU WHDUV DQ RLO\ ILOP DQG GDPDJH WR WKH UXEEHU VHDO ,PSRUWDQW 1HYHU FOHDQ WKH SDSHU HOHPHQW ZLWK SUHVVXUL]HG DLU RU OLTXLGV VXFK DV VROYHQW JDV RU NHURVHQH 5HSODFH WKH SDSHU HOHPHQW LI LW LV GDPDJHG RU FDQQRW EH FOHDQHG WKRURXJKO\ P )LJXUH P
&KHFNLQJ 2LO /HYHO 3DUN WKH PDFKLQH RQ D OHYHO VXUIDFH GLVHQJDJH WKH SRZHU WDNH RII 372 DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ &OHDQ DURXQG WKH RLO GLSVWLFN )LJ VR GLUW FDQQRW IDOO LQWR WKH ILOOHU KROH DQG GDPDJH WKH HQJLQH 8QVFUHZ WKH RLO GLSVWLFN DQG ZLSH WKH HQG FOHDQ )LJ 6OLGH WKH RLO GLSVWLFN IXOO\ LQWR WKH ILOOHU WXEH GR QRW WKUHDG RQWR WXEH )LJ 3XOO WKH GLSVWLFN RXW DQG ORRN DW WKH HQG ,I RLO OHYHO LV ORZ VORZO\ SRXU RQO\ HQRX
6SDUN 3OXJ 6HUYLFH &KHFN WKH JDS EHWZHHQ WKH FHQWHU DQG VLGH HOHFWURGHV )LJ %HQG WKH VLGH HOHFWURGH )LJ LI WKH JDS LV QRW FRUUHFW &KHFN WKH VSDUN SOXJ V DIWHU HYHU\ RSHUDWLQJ KRXUV 0DNH VXUH WKH DLU JDS EHWZHHQ WKH FHQWHU DQG VLGH HOHFWURGHV LV FRUUHFW EHIRUH LQVWDOOLQJ WKH VSDUN SOXJ 8VH D VSDUN SOXJ ZUHQFK IRU UHPRYLQJ DQG LQVWDOOLQJ WKH VSDUN SOXJ V DQG D JDSSLQJ WRRO IHHOHU JDXJH WR FKHFN DQG DGMXVW WKH DLU JDS ,QVWDOO D QHZ VSDUN SOXJ V LI QHFHVVDU\ LQ
1RWH 1RZ LV WKH EHVW WLPH WR LQVWDOO D QHZ IXHO ILOWHU EHFDXVH WKH IXHO WDQN LV HPSW\ ,QVWDOO WKH IXHO OLQH RQWR WKH IXHO ILOWHU 6OLGH WKH KRVH FODPS FORVH WR WKH IXHO ILOWHU WR VHFXUH WKH IXHO OLQH )LJ 0 )LJXUH )LOWHU +RVH FODPS )XHO 7DQN 6HUYLFH 0 )LJXUH 'UDLQLQJ 7KH )XHO 7DQN )XHO VKXW RII YDOYH +RVH FODPS )XHO ILOWHU )XHO OLQH 'DQJHU ,Q FHUWDLQ FRQGLWLRQV JDVROLQH LV H[WUHPHO\ IODPPDEOH DQG KLJKO\ H[SORVLYH $ ILUH
:KHUH WR $GG *UHDVH /XEULFDWH WKH JUHDVH ILWWLQJV DV VKRZQ RQ WKH &+(&.
,I WKHUH LV QR IOXLG DGG IOXLG WR UHVHUYRLU DSSUR[LPDWHO\ D LQ PP EHORZ WKH WRS RI EDIIOH 5HSODFLQJ WKH +\GUDXOLF )LOWHU 5XQ WKH PDFKLQH PLQXWHV WR DOORZ DQ\ DLU WR SXUJH RXW RI WKH V\VWHP DQG ZDUP IOXLG $IWHU WKH ILUVW RSHUDWLQJ KRXUV &KDQJH WKH K\GUDXOLF ILOWHU $IWHU HYHU\ RSHUDWLQJ KRXUV 5HFKHFN OHYHO ZKLOH IOXLG LV ZDUP $GG IOXLG WR UDLVH OHYHO WR WRS RI WKH EDIIOH LI UHTXLUHG 3RVLWLRQ PDFKLQH RQ D OHYHO VXUIDFH VWRS WKH HQJLQH DQG UHPRYH NH\ IURP LJQLW
:DUQLQJ +\GUDXOLF IOXLG HVFDSLQJ XQGHU SUHVVXUH FDQ SHQHWUDWH VNLQ DQG FDXVH LQMXU\ ,I K\GUDXOLF IOXLG LV LQMHFWHG LQWR WKH VNLQ LW PXVW EH VXUJLFDOO\ UHPRYHG ZLWKLQ D IHZ KRXUV E\ D GRFWRU IDPLOLDU ZLWK WKLV W\SH RI LQMXU\ *DQJUHQH PD\ UHVXOW LI WKLV LV QRW GRQH .
5HPRYH GXVW FDS IURP FDVWRU DQG WLJKWHQ ORFN QXW )LJ 7LJKWHQ XQWLO VSULQJ ZDVKHUV DUH IODW DQG WKHQ EDFN RII D WXUQ WR SURSHUO\ VHW WKH SUHORDG RQ WKH EHDULQJV )LJ ,PSRUWDQW 0DNH VXUH VSULQJ ZDVKHUV DUH LQVWDOOHG FRUUHFWO\ DV VKRZQ LQ ILJXUH P )LJXUH /RFN QXW +ROH LQ WKUHDGHG VKDIW 7ZR WKUHDGV RU OHVV :DVKHU LI QHHGHG 6ORW 0RZHU /HYHOLQJ )LJXUH 6SULQJ ZDVKHUV 6ORWWHG QXW VKRZLQJ P 3RVL
5DLVH GHFN WR LQFK KHLJKW RI FXW DQG PHDVXUH DFWXDO KHLJKW IURP EODGH WLSV WR JURXQG +HLJKW RI FXW IRU WKH IURQW EODGH WLSV VKRXOG EH LQ PP +HLJKW RI FXW IRU UHDU EODGH WLSV VKRXOG EH LQ PP 5HDGMXVW LI QHHGHG 1RWH 'R QRW ORRVHQ IURQW FKDLQ KDUGZDUH /RRVHQ IURQW DQG UHDU ORFNLQJ QXW RQ HLWKHU VLGH RI IURQW VZLYHO /RRVHQ XQWLO IURQW FKDLQV DUH ORRVH DQG GHFN LV VXSSRUWHG E\ EORFNV 5HSHDW IRU RSSRVLWH VLGH )LJ 1RWH :KHQ FKHFNLQJ EODGH WLS KHLJKWV
7KURWWOH /HYHU $GMXVWPHQW 5HSODFLQJ WKH 'HFN %HOW 7KH WHQVLRQ FDQ EH DGMXVWHG E\ DGMXVWLQJ WKH WLJKWQHVV RI OHYHU SLYRW EROW 'R WKLV ZKHQ QHHGHG 6TXHDOLQJ ZKHQ WKH EHOW LV URWDWLQJ EODGHV VOLSSLQJ ZKHQ FXWWLQJ JUDVV IUD\HG EHOW HGJHV EXUQ PDUNV DQG FUDFNV DUH VLJQV RI D ZRUQ GHFN EHOW 5HSODFH WKH GHFN EHOW LI DQ\ RI WKHVH FRQGLWLRQV DUH HYLGHQW 6WRS HQJLQH UHPRYH LJQLWLRQ NH\ 5HPRYH FRQVROH IURP PDFKLQH WR JDLQ DFFHVV WR WKURWWOH OHYHU 6WRS WKH HQJLQH VHW WKH SDUNLQJ EUDNH UHPRYH W
,QVWDOO EHOW FRYHUV RYHU RXWVLGH VSLQGOHV P )LJXUH 0 )LJXUH 7RS 9LHZ 'HFN EHOW 6SULQJ ,GOHU DUP ,GOHU SXOOH\ 2XWVLGH SXOOH\ &OXWFK VWUDS %HOW %ROW ,GOHU &OXWFK HOHFWULFDO ZLUH &OXWFK 5HSODFLQJ WKH *UDVV 'HIOHFWRU :DUQLQJ 5HSODFLQJ WKH 3XPS 'ULYH %HOW &KHFN SXPS GULYH EHOW IRU ZHDU DIWHU HYHU\ KRXUV RI RSHUDWLRQ $Q XQFRYHUHG GLVFKDUJH RSHQLQJ FRXOG DOORZ WKH ODZQ PRZHU WR WKURZ REMHFWV LQ
0 P )LJXUH )LJXUH %ROW *UDVV GHIOHFWRU 6SDFHU 3ODFH EHKLQG GHFN HGJH /RFNQXW 6SULQJ +RRN HQG RI VSULQJ 6SULQJ LQVWDOOHG 5LJKW KDQG PRWLRQ FRQWURO 1HXWUDO ORFNRXW SRVLWLRQ OHYHU VKRZQ EHIRUH LQVWDOOLQJ EROW ,I DGMXVWPHQW LV QHHGHG ORRVHQ WKH QXW DJDLQVW WKH \RNH )LJ $SSO\ VOLJKW UHDUZDUG SUHVVXUH RQ WKH PRWLRQ FRQWURO OHYHU WXUQ WKH KHDG RI WKH DGMXVWPHQW EROW LQ WKH DSSURSULDWH GLUHFWLRQ
:DUQLQJ (QJLQH PXVW EH UXQQLQJ VR PRWLRQ FRQWURO DGMXVWPHQW FDQ EH SHUIRUPHG &RQWDFW ZLWK PRYLQJ SDUWV RU KRW VXUIDFHV PD\ FDXVH SHUVRQDO LQMXU\ .
$GMXVWLQJ 3DUNLQJ %UDNH )XVH 6HUYLFH &KHFN SDUNLQJ EUDNH IRU SURSHU DGMXVWPHQW 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 'LVHQJDJH EUDNH OHYHU OHYHU GRZQ 7KH HOHFWULFDO V\VWHP LV SURWHFWHG E\ IXVHV ,W UHTXLUHV QR PDLQWHQDQFH KRZHYHU LI D IXVH EORZV FKHFN FRPSRQHQW FLUFXLW IRU PDOIXQFWLRQ RU VKRUW 0HDVXUH WKH OHQJWK RI WKH VSULQJ 0HDVXUHPHQW VKRXOG EH LQ PP EHWZHHQ ZDVKHUV )LJ )XVH 0DLQ ) ³ DPS EODGH W\SH $OWHUQDWRU ) ³ DPS EODGH W\SH ,I DGMXVWPHQW LV QHFHVVDU\ ORRVHQ
&KHFNLQJ (OHFWURO\WH /HYHO :DUQLQJ 2SHQ FRYHUV WR VHH LQWR WKH FHOOV 7KH HOHFWURO\WH PXVW EH XS WR WKH ORZHU SDUW RI WKH WXEH )LJ 'R QRW DOORZ WKH HOHFWURO\WH WR JHW EHORZ WKH SODWHV )LJ &KDUJLQJ EDWWHU\ SURGXFHV JDVVHV WKDW FDQ H[SORGH DQG FDXVH VHULRXV LQMXU\ ,I WKH HOHFWURO\WH LV ORZ DGG WKH UHTXLUHG DPRXQW RI GLVWLOOHG ZDWHU UHIHU WR $GGLQJ :DWHU WR WKH %DWWHU\ .
:LULQJ 'LDJUDP
&OHDQLQJ DQG 6WRUDJH * 5XQ HQJLQH WR GLVWULEXWH FRQGLWLRQHG IXHO WKURXJK WKH IXHO V\VWHP PLQXWHV 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ + 6WRS HQJLQH DOORZ WR FRRO DQG GUDLQ WKH IXHO WDQN UHIHU WR )XHO 7DQN SDJH , 5HVWDUW HQJLQH DQG UXQ XQWLO LW VWRSV 5HSHDW RQ ´&+2.
7URXEOHVKRRWLQJ 3UREOHP 6WDUWHU GRHV QRW FUDQN (QJLQH ZLOO QRW VWDUW VWDUWV KDUG RU IDLOV WR NHHS UXQQLQJ (QJLQH J ORVHV S SRZHU (QJLQH J RYHUKHDWV 3RVVLEOH &DXVHV &RUUHFWLYH $FWLRQ %ODGH FRQWURO 372 LV (1*$*(' 0RYH EODGH FRQWURO 372 WR ',6(1*$*(' 3DUNLQJ EUDNH LV QRW RQ 6HW SDUNLQJ EUDNH 2SHUDWRU LV QRW VHDWHG 6LW RQ WKH VHDW %DWWHU\ LV GHDG &KDUJH WKH EDWWHU\ (OHFWULFDO FRQQHFWLRQV DUH FRUURGHG RU ORRVH &KHFN HOHFWULFDO FRQQHFWLRQV IRU JRRG FR
3UREOHP $EQRUPDO YLEUDWLRQ 0DFKLQH GRHV QRW GULYH $EQRUPDO YLEUDWLRQ 3RVVLEOH &DXVHV &RUUHFWLYH $FWLRQ (QJLQH PRXQWLQJ EROWV DUH ORRVH 7LJKWHQ HQJLQH PRXQWLQJ EROWV /RRVH HQJLQH SXOOH\ LGOHU SXOOH\ RU EODGH SXOOH\ 7LJKWHQ WKH DSSURSULDWH SXOOH\ (QJLQH SXOOH\ LV GDPDJHG &RQWDFW $XWKRUL]HG 6HUYLFH 'HDOHU 7UDFWLRQ EHOW LV ZRUQ ORRVH RU EURNHQ &RQWDFW $XWKRUL]HG 6HUYLFH 'HDOHU 7UDFWLRQ EHOW LV RII SXOOH\ &RQWDFW $XWKRUL]HG 6HUYLFH 'HDOHU +\GUR IOXL
3UREOHP %ODGHV GR QRW URWDWH 3RVVLEOH &DXVHV &RUUHFWLYH $FWLRQ 'ULYH EHOW LV ZRUQ ORRVH RU EURNHQ ,QVWDOO QHZ GULYH EHOW 'ULYH EHOW LV RII SXOOH\ ,QVWDOO GULYH EHOW DQG FKHFN DGMXVWLQJ VKDIWV DQG EHOW JXLGHV IRU FRUUHFW SRVLWLRQ 'HFN EHOW LV ZRUQ ORRVH RU EURNHQ ,QVWDOO QHZ GHFN EHOW
